• The SEC has affirmed that digital assets, including XRP, are not securities.
• The crypto community reacts to the SEC’s recognition of XRP not being securities.
• Meanwhile, the SEC has initiated an interlocutory appeal of the court’s ruling.

In a significant turn of events, the United States Securities and Exchange Commission (SEC) has publicly affirmed the nonsecurity status of digital assets, including XRP. This announcement comes as part of the regulatory body’s motion to appeal the Ripple victory ruling.

The SEC stated in the newly filed motion:

“The SEC does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value.”

The SEC’s recognition that digital assets are not inherently securities has elicited enthusiastic responses from the crypto community, particularly the XRP armies.

In a tweet, attorney John Deaton noted that the SEC’s acknowledgment can be attributed to the overwhelming support of over 75,000 XRP holders who joined the ongoing lawsuit. Deaton emphasized:

“We fought to have the judge actually [write] that the token itself is not the sec…

The post US SEC Officially Acknowledges XRP Is Non-Security in New Court Filing appeared first on Coin Edition.

• The SEC has affirmed that digital assets, including XRP, are not securities.
• The crypto community reacts to the SEC’s recognition of XRP not being securities.
• Meanwhile, the SEC has initiated an interlocutory appeal of the court’s ruling.

In a significant turn of events, the United States Securities and Exchange Commission (SEC) has publicly affirmed the nonsecurity status of digital assets, including XRP. This announcement comes as part of the regulatory body’s motion to appeal the Ripple victory ruling.

The SEC stated in the newly filed motion:

“The SEC does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value.”

The SEC’s recognition that digital assets are not inherently securities has elicited enthusiastic responses from the crypto community, particularly the XRP armies.

In a tweet, attorney John Deaton noted that the SEC’s acknowledgment can be attributed to the overwhelming support of over 75,000 XRP holders who joined the ongoing lawsuit. Deaton emphasized:

“We fought to have the judge actually [write] that the token itself is not the sec…

The post US SEC Officially Acknowledges XRP Is Non-Security in New Court Filing appeared first on Coin Edition.